Airdrops, or free distributions of tokens, are a good way to get started in cryptocurrencies without directly investing funds.

$21 billion in “free money.” Crypto airdrops are hot right now and project creators are willing to do anything to get their currency adopted, including offering tens of thousands of tokens for amounts equivalent to several billion dollars in the end.

A crypto airdrop (see our “Understand everything” on this subject here) is a strategy used by certain companies working on a crypto project. cryptocurrency which consists of distributing “tokens” or tokens (usually for free) to specific wallet addresses. These airdrops aim to promote mainstream adoption of new blockchain projects by multiplying the number of holders.

According to data from Coingecko, the Uniswap (UNI) token distribution is the largest cryptocurrency airdrop in recent industry history so far. The creators distributed the equivalent of $6.43 billion when the token broke its record price of $42.88 on September 16, 2020. The value of the distributed tokens evolves in real time with the price of the cryptos concerned. . Coingecko therefore takes the approach here of calculating the maximum value of the tokens distributed (when the price of the token concerned had reached its record between 2020 and 2023).

4 billion dollars already distributed in 2024

After Uniswap, the creators of Apecoin distributed $3.54 billion, those of dYdX $2 billion and those of Arbitrum $1.96 billion (always when each of the tokens broke their record price). The Ethereum Name Service, Internet Computer, and Bonk airdrops distributed the equivalent of $1.87 billion, $1.73 billion, and $1.32 billion, respectively.

Behind, the Celestia project donated the equivalent of $728 million in cryptos, LooksRare $712 million, and the first airdrop of 1inch Network $671 million. In total, the creators of the 10 largest crypto projects distributed via an airdrop have given away more than $21 billion to their users for free.

According to the media The Block, cryptocurrency airdrops will continue in 2024 and project creators have already distributed the equivalent of around $4 billion for free since the start of the year.

To find out when a cryptocurrency will be distributed for free, some sites list future distributions like Coinmarketcap, for example. Some Discord, Telegram and X pages also list them as well as some project newsletters. These airdrops are a good way to get started with cryptocurrencies without always needing to invest funds directly.


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